Oseaspre Consultants triggered an open offer after Nimesh Sahadeo Singh acquired control through a preferential allotment and a share purchase agreement. The acquirer will buy up to 1,82,000 equity shares from public shareholders at ₹48 per share.

The transaction involves two components: a preferential issue of 3,25,000 shares to Singh and the purchase of 1,47,043 existing shares from promoters. This brings his total stake to 67.43% of the emerging equity and voting share capital.

Open Offer Details

Navigant Corporate Advisors Limited is the manager to the offer. The open offer is for acquisition of up to 1,82,000 fully paid-up equity shares, representing 26.00% of the emerging equity and voting share capital. The offer price matches the preferential issue price at ₹48 per share.

Underlying Transactions

The open offer was triggered by Regulation 3(1) and 4 of the SEBI (SAST) Regulations, 2011. The underlying transactions include:

• Preferential Allotment: The board approved issuing 5,00,000 equity shares on September 18, 2026. Singh receives 3,25,000 shares (₹156.00 lakh), while other public investors receive 1,75,000 shares.
• Share Purchase Agreement: Singh signed an agreement to buy 1,47,043 shares (₹70.58 lakh) from existing promoters, including Jehangir Nusli Wadia, Nowrosjee Wadia And Sons Limited, Tristar Charitable Foundation, Varnilam Investments and Trading Company Limited, and MSIL Investments Private Limited.

Shareholding Structure

Post-transaction, Singh will hold 4,72,043 shares, constituting 67.43% of the emerging equity and voting share capital. He proposes to be classified as a promoter. The existing promoter group will be reclassified as public shareholders subject to regulatory approvals.

Next Steps

Oseaspre Consultants scheduled an Extra-Ordinary General Meeting for October 30, 2026, to seek shareholder approval for the preferential issue. A Detailed Public Statement regarding the open offer will be published by September 25, 2026.

Promoters of Technojet Consultants have entered into a share purchase agreement with Nimesh Sahadeo Singh to transfer a 73.15% stake in the company. The deal, executed on September 18, 2026, involves the sale of 1,46,293 equity shares for a cash consideration of ₹70,22,064.

The transaction marks a change in control, with Singh proposing to acquire substantial shares and assume promoter status. The sellers include Nowrosjee Wadia and Sons Limited, Goodeed Charitable Foundation, Varnilam Investments and Trading Company Limited, Mr. Ness Nusli Wadia, MSIL Investments Private Limited, and Naperol Investments Limited.

Transaction Details

The agreement mandates that Singh will make an open offer to public shareholders in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Upon successful completion, the sellers intend to be reclassified as part of the public category under Regulation 31A (10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with Clause 5A of Para A of Part A of Schedule III. The company confirmed it is not a party to the SPA and that no restrictions or liabilities are imposed on the listed entity. The transaction is not classified as a related-party transaction.